INSIDER
Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier
Read full article: Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlierSaudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenues.
Stock market today: Wall Street points higher before the opening bell on Election Day
Read full article: Stock market today: Wall Street points higher before the opening bell on Election DayWall Street pointed toward gains early as investors awaited the outcome of the U.S. presidential election and other potentially market-rattling events this week.
A courtroom of relief: FBI recovers funds for victims of scammed banker
Read full article: A courtroom of relief: FBI recovers funds for victims of scammed bankerCheers and sobs of relief broke out in a federal courtroom in Kansas as dozens of people whose life savings had been embezzled by a bank CEO learned federal law enforcement had recovered their money.
You may have blocked someone on X but now they can see your public posts anyway
Read full article: You may have blocked someone on X but now they can see your public posts anywayElon Muskโs X has been modified so that accounts youโve blocked on the social media platform can still see your public posts.
China files complaint at World Trade Organization over EU tariffs on Chinese electric vehicles
Read full article: China files complaint at World Trade Organization over EU tariffs on Chinese electric vehiclesChina has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles.
US agency ends investigation into Ford engine failures after recall and warranty extension
Read full article: US agency ends investigation into Ford engine failures after recall and warranty extensionU.S. auto safety regulators have ended an investigation into Ford engine failures after the company replaced engines or extended the warranty on some vehicles.
Many retailers offer 'returnless refunds.' Just don't expect them to talk much about it
Read full article: Many retailers offer 'returnless refunds.' Just don't expect them to talk much about itItโs one of the most under-publicized policies of some of the biggest U.S. retailers: sometimes they give customers full refunds and let them keep unwanted items too.
The UAE opens its annual oil-and-gas summit as industry weathers Mideast wars and awaits US election
Read full article: The UAE opens its annual oil-and-gas summit as industry weathers Mideast wars and awaits US electionThe United Arab Emirates has opened its annual oil-and-gas summit as it plans to increase energy output even as global prices have fallen.
Stock market today: Wall Street drifts ahead of Election Day and a manic week for markets
Read full article: Stock market today: Wall Street drifts ahead of Election Day and a manic week for marketsU.S. stock indexes drifted lower ahead of a momentous week full of potential flashpoints in Washington, D.
Boeing machinists hold contract vote that could end their 7-week strike
Read full article: Boeing machinists hold contract vote that could end their 7-week strikeThe voting has closed for unionized factory workers at Boeing who were deciding whether to accept a contract offer or to extend their strike.
Nevada lithium mine will crush rare plant habitat US said is critical to its survival, lawsuit says
Read full article: Nevada lithium mine will crush rare plant habitat US said is critical to its survival, lawsuit saysConservationists and a Native American advocacy group are suing to block a Nevada lithium mine they say will drive an endangered wildflower to extinction, disrupt groundwater flows and threaten cultural resources.
Federal Reserve is set to cut rates again while facing a hazy post-election outlook
Read full article: Federal Reserve is set to cut rates again while facing a hazy post-election outlookNo one knows how Tuesdayโs presidential election will turn out, but the Federal Reserveโs move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year.
TGI Fridays files for bankruptcy protection as sit-down restaurant struggles continue
Read full article: TGI Fridays files for bankruptcy protection as sit-down restaurant struggles continueRestaurant chain TGI Fridays says it has filed for bankruptcy protection as it looks for ways to โensure the long-term viabilityโ of the casual dining brand.
Listen to business owners and voters in Erie, Pennsylvania. They could help decide the White House.
Read full article: Listen to business owners and voters in Erie, Pennsylvania. They could help decide the White House.Both Donald Trump and Kamala Harris have campaigned in the Rust Belt city of Erie, Pennsylvania.
Harris and Trump focus on Sunbelt states during final weekend push for votes
Read full article: Harris and Trump focus on Sunbelt states during final weekend push for votesDemocrat Kamala Harris and Republican Donald Trump are zeroing in on Sunbelt states as they embark on one last weekend quest to sway undecided voters in battleground states that will determine the next president.
Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry
Read full article: Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industryNvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems.
Warren Buffett is sitting on over $325 billion cash as Berkshire Hathaway keeps selling Apple stock
Read full article: Warren Buffett is sitting on over $325 billion cash as Berkshire Hathaway keeps selling Apple stockWarren Buffett is now sitting on more than $325 billion cash after continuing to unload billions of dollars worth of Apple and Bank of America shares this year and continuing to collect a steady stream of profits from all of Berkshire Hathawayโs assorted businesses without finding any major acquisitions.
A man is accused of punching and bloodying another passenger who was sleeping on a US flight
Read full article: A man is accused of punching and bloodying another passenger who was sleeping on a US flightAn airline passenger is sitting in jail in Virginia after being accused of an unprovoked attack on a fellow passenger who was sleeping.
Brazilian state law overturns soy moratorium that helped curb Amazon deforestation
Read full article: Brazilian state law overturns soy moratorium that helped curb Amazon deforestationIn 2006, environmental nonprofits and some of the worldโs largest soybean traders came together in a landmark โsoy moratoriumโ to stop the sale of soy grown on illegally deforested land in Brazil's Amazon.
Georgia officials agree to spend $100 million on Hurricane Helene aid for farms and forestry
Read full article: Georgia officials agree to spend $100 million on Hurricane Helene aid for farms and forestryGeorgiaโs state government is diverting $100 million to spend on loans to farmers and cleanup after Hurricane Helene.
MrBeast probe ends with some employees fired but finds no proof of sexual misconduct allegations
Read full article: MrBeast probe ends with some employees fired but finds no proof of sexual misconduct allegationsOnline video production company MrBeast says it has fired somewhere between 5 to 10 employees following an investigation into the YouTube empireโs workplace culture.
Lyft pays $2.1 million to settle case alleging the ride-hailing service deceived drivers
Read full article: Lyft pays $2.1 million to settle case alleging the ride-hailing service deceived driversLyft is paying $2.1 million to settle a lawsuit accusing the ride-hailing service of exaggerating how much money drivers could make while the company was trying to recover from a steep downturn in demand during the pandemic.
A Palestinian-Israeli collective made one of 2024's most lauded docs. Will it be released in the US?
Read full article: A Palestinian-Israeli collective made one of 2024's most lauded docs. Will it be released in the US?Basel Adra, a Palestinian, and Yuval Abraham, an Israeli, spent five years making a movie that depicts daily life in Adraโs village under Israeli occupation.
Financial market worries over the UK budget appear to ease
Read full article: Financial market worries over the UK budget appear to easeWorries about this weekโs tax-raising U.K. budget within financial markets appear to have eased with the interest rates charged on British debt steadying and the pound rising against most other currencies.
Harris team warns CEOs that Trump is a threat to economy, while Trump says tariffs can drive growth
Read full article: Harris team warns CEOs that Trump is a threat to economy, while Trump says tariffs can drive growthKamala Harrisโ campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth.
Wendy's closing 140 more restaurants as part of push to update its locations
Read full article: Wendy's closing 140 more restaurants as part of push to update its locationsWendyโs plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May.
IRS announces pension and retirement plan contribution adjustments for 2025
Read full article: IRS announces pension and retirement plan contribution adjustments for 2025The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500, up from $23,000 in 2024.
Exxon Mobil profit tops Street in 3rd quarter, helped by Pioneer Natural acquisition
Read full article: Exxon Mobil profit tops Street in 3rd quarter, helped by Pioneer Natural acquisitionExxon Mobilโs third-quarter profit beat analystsโ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition.
Stock market today: Amazon leads Wall Street higher
Read full article: Stock market today: Amazon leads Wall Street higherAmazon led U.S. stock indexes higher, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week.
US employers added just 12,000 jobs last month as hurricanes and strikes sharply reduce payrolls
Read full article: US employers added just 12,000 jobs last month as hurricanes and strikes sharply reduce payrollsAmericaโs employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls.
ChatGPT will now work as a search engine as OpenAI partners with some news outlets
Read full article: ChatGPT will now work as a search engine as OpenAI partners with some news outletsOpenAI is launching a ChatGPT-powered search engine that could put the artificial intelligence company in direct competition with search giant Google and affect the flow of internet traffic seeking news and other timely information.
A promising schizophrenia drug showed mixed results. What does that mean for patients?
Read full article: A promising schizophrenia drug showed mixed results. What does that mean for patients?Some people who took a new schizophrenia drug for one year improved with only a few side effects, but many dropped out of the research.
Pentagon audit says Boeing cleaned up on Air Force parts, including soap dispensers marked up 8,000%
Read full article: Pentagon audit says Boeing cleaned up on Air Force parts, including soap dispensers marked up 8,000%According to a Pentagon audit, Boeing has overcharged the Air Force on spare parts for a major cargo plane, including marking up the price of simple lavatory soap dispensers by 8,000%.
Ex-Disney worker accused of hacking computer menus to add profanities, errors
Read full article: Ex-Disney worker accused of hacking computer menus to add profanities, errorsA former Disney worker has been arrested based on a complaint that says he hacked into servers at Walt Disney World in order to manipulate computer menus.
Average rate on a 30-year mortgage in the US rises for fifth straight week
Read full article: Average rate on a 30-year mortgage in the US rises for fifth straight weekThe average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August.
UK Treasury chief admits business tax rise could lead to lower than anticipated wages
Read full article: UK Treasury chief admits business tax rise could lead to lower than anticipated wagesU.K. Treasury chief Rachel Reeves has conceded that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees.
EU Commission fines Teva $500 million for trying to stop rival's multiple sclerosis drug
Read full article: EU Commission fines Teva $500 million for trying to stop rival's multiple sclerosis drugThe European Commission has fined Israeli generic drugmaker Teva more than 460 million euros ($500 million) for improperly seeking to protect the patent for its multiple sclerosis drug and for disparaging a rival companyโs development of a competing medicine.
US applications for jobless benefits fall as layoffs remain at historically healthy levels
Read full article: US applications for jobless benefits fall as layoffs remain at historically healthy levelsFewer Americans filed for unemployment benefits last week as layoffs remained at historically healthy levels despite elevated interest rates.
Inflation gauge closely watched by the Fed falls to lowest level since early 2021
Read full article: Inflation gauge closely watched by the Fed falls to lowest level since early 2021As a presidential race profoundly shaped by Americansโ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels.
Samsung reports 'major' progress in supply deal for AI chips
Read full article: Samsung reports 'major' progress in supply deal for AI chipsSamsung Electronics has reported progress on a major supply deal for artificial intelligence-focused chips, aiming to reassure investors following a slowdown in semiconductor profits during the last quarter.
New York semiconductor site picked for $825 million in funding
Read full article: New York semiconductor site picked for $825 million in fundingU.S. Sen. Chuck Schumer says a semiconductor research facility in upstate New York will be getting $825 million in funding as one of three national technology centers.
Ping! Harris and Trump are blowing up your phones with political texts in campaign's last days
Read full article: Ping! Harris and Trump are blowing up your phones with political texts in campaign's last daysAcross the U.S., people's phones are pinging with text messages from Donald Trump, Kamala Harris and their allies.
California voters consider controversial vacation homes tax in iconic Lake Tahoe area
Read full article: California voters consider controversial vacation homes tax in iconic Lake Tahoe areaVoters in the scenic mountain town of South Lake Tahoe in Northern California are considering a tax on vacation homes.
Stock market today: Microsoft, Meta and the burden of expectations knock Wall Street sharply lower
Read full article: Stock market today: Microsoft, Meta and the burden of expectations knock Wall Street sharply lowerDrops for Big Tech companies including Microsoft and Facebook's parent company Meta Platforms led Wall Street lower.
Asia needs to spend much more to adapt to climate change and limit its damage, bank study says
Read full article: Asia needs to spend much more to adapt to climate change and limit its damage, bank study saysA study by the Asian Development Bank shows that countries in Asia will suffer worse damage from the climate crisis than other regions and they are not spending enough to limit the damage and adapt to changing weather patterns and natural disasters.
Report says crowd-sourced fact checks on X fail to address flood of US election misinformation
Read full article: Report says crowd-sourced fact checks on X fail to address flood of US election misinformationXโs crowd-sourced fact-checking program, called Community Notes, isnโt addressing the flood of U.S. election misinformation on Elon Muskโs social media platform.
California announces sustainable fuels partnership to curb emissions from planes
Read full article: California announces sustainable fuels partnership to curb emissions from planesCalifornia is partnering with a major airline trade group to increase the availability of sustainable aviation fuels in the state.
Autonomous truck company Aurora delays hauling freight without human drivers until April
Read full article: Autonomous truck company Aurora delays hauling freight without human drivers until AprilAutonomous truck company Aurora Innovation says it wonโt start hauling freight without humans on board until April of next year.
Washington Post report: Subscriber loss after non-endorsement reaches a quarter million
Read full article: Washington Post report: Subscriber loss after non-endorsement reaches a quarter millionThe Washington Post has lost at least a quarter million subscribers since announcing last Friday it would not endorse a candidate in the presidential race.
Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push
Read full article: Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI pushMeta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence.
Ex-FTX executive spared prison sentence after cooperating against Sam Bankman-Fried
Read full article: Ex-FTX executive spared prison sentence after cooperating against Sam Bankman-FriedAn ex-FTX executive who testified against the cryptocurrency firm's founder at his trial last year has been spared a prison sentence.
Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it
Read full article: Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth itMicrosoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off.
Retrial begins in civil suit against contractor accused in Abu Ghraib prison scandal
Read full article: Retrial begins in civil suit against contractor accused in Abu Ghraib prison scandalA military contractor accused of contributing to the abuse of detainees at Iraqโs Abu Ghraib prison two decades ago is again on trial in a federal courtroom after a long-awaited civil case earlier this year ended with a hung jury.
Roaring Kitty has dissolved his holdings in Chewy, but meme stocks are alive and well
Read full article: Roaring Kitty has dissolved his holdings in Chewy, but meme stocks are alive and wellA pivotal actor in the meme stock craze the began during the pandemic continues to hold a powerful sway over the movement of shares in major U.S. corporations.
PepsiCo is closing 4 bottling plants and cutting nearly 400 jobs as it streamlines operations
Read full article: PepsiCo is closing 4 bottling plants and cutting nearly 400 jobs as it streamlines operationsPepsiCo says it plans to close four U.S. bottling plants and lay off nearly 400 workers as part of its efforts to streamline its operations.
Recent whale deaths highlight risks from Antarctica's booming krill fishery
Read full article: Recent whale deaths highlight risks from Antarctica's booming krill fisheryThe Associated Press has learned that two humpback whales were found dead and another seriously injured this year in huge nets used to collect krill for fishmeal and human dietary supplements near Antarctica.
Starbucks CEO sets four-minute service goal as he tries to reinvigorate sagging sales
Read full article: Starbucks CEO sets four-minute service goal as he tries to reinvigorate sagging salesStarbucksโ new Chairman and CEO Brian Niccol wants customers to get their orders hand-delivered by a barista in four minutes or less, a goal that will be central as he tries to reinvigorate the companyโs sagging sales.
Eli Lillyโs third quarter earnings miss and forecast cut lead to sharp stock drop
Read full article: Eli Lillyโs third quarter earnings miss and forecast cut lead to sharp stock dropEli Lilly is dialing back its 2024 forecast after underwhelming Wall Street with third-quarter earnings and sales from two key drugs that missed expectations.
Chewy slides after filing shows third-biggest shareholder, 'Roaring Kitty,' sold his stake
Read full article: Chewy slides after filing shows third-biggest shareholder, 'Roaring Kitty,' sold his stakeShares of Chewy slid close to 2% in overnight trading after a regulatory filing revealed that the meme stock trader known as Roaring Kitty had sold his stake in the online pet store.
Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK
Read full article: Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UKBritish Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.โs cash-starved public services, as she announced a budget that could set the economic tone for years to come.
Volkswagen says cost cuts are urgently needed as its earnings decline sharply
Read full article: Volkswagen says cost cuts are urgently needed as its earnings decline sharplyVolkswagen says significant cost cuts are urgently needed as it reports a steep decline in third-quarter earnings and faces employee representatives angry at the possibility of the automakerโs first plant closures in Germany.
Stock market today: Nasdaq edges back from its record as chip companies and Eli Lilly slump
Read full article: Stock market today: Nasdaq edges back from its record as chip companies and Eli Lilly slumpU.S. stock indexes edged lower after drops for Eli Lilly and chip companies overshadowed a jump for Googleโs parent company.
Malaysian court orders Najib to enter defense in his 2nd graft trial linked to 1MDB scandal
Read full article: Malaysian court orders Najib to enter defense in his 2nd graft trial linked to 1MDB scandalMalaysia's High Court has ordered imprisoned former Prime Minister Najib Razak to enter a defense in his second corruption trial over the multibillion-dollar looting of the 1MDB state investment fund.
Jobs report on eve of election will be among the most muddled in years
Read full article: Jobs report on eve of election will be among the most muddled in yearsFour days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role.
US economy grew at a solid 2.8% pace last quarter on strength of consumer spending
Read full article: US economy grew at a solid 2.8% pace last quarter on strength of consumer spendingThe U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.
Ship owner in Baltimore bridge collapse seeks to blame others as liability case takes shape
Read full article: Ship owner in Baltimore bridge collapse seeks to blame others as liability case takes shapeThe owner and manager of the container ship Dali are seeking to minimize their responsibility for the deadly Baltimore bridge collapse.
Elon Musk wins court victory in a dispute over a 2018 post during a labor dispute
Read full article: Elon Musk wins court victory in a dispute over a 2018 post during a labor disputeA federal appeals court says the National Labor Relations Board was wrong to order that Tesla CEO Elon Musk delete a 2018 social media post that union leaders saw as a threat to employee stock options.
Google's moneymaking machine still pumping out massive profits despite multiple threats
Read full article: Google's moneymaking machine still pumping out massive profits despite multiple threatsGoogle is still thriving while the company navigates through a pivotal shift to artificial intelligence and battles regulators trying to topple its internet empire.
US chooses winning bids in first commercial sale for floating offshore Atlantic wind
Read full article: US chooses winning bids in first commercial sale for floating offshore Atlantic windThe U.S. government has chosen winning bids to develop wind power off New England in the first commercial sale for floating offshore wind on the Atlantic coast.
Federal government hands out $2.4 billion for 122 railroad projects nationwide
Read full article: Federal government hands out $2.4 billion for 122 railroad projects nationwideThe federal government is handing out $2.4 billion in railroad grants to help pay for 122 projects nationwide with more than half of the money going to smaller railroads.
Robert Downey Jr. says he 'intends to sue' all future executives who use his AI replica
Read full article: Robert Downey Jr. says he 'intends to sue' all future executives who use his AI replicaRobert Downey Jr. doesnโt think Marvel executives would ever recreate his portrayal of Tony Stark using artificial intelligence.
The EU is imposing duties on electric vehicles from China after trade talks fail
Read full article: The EU is imposing duties on electric vehicles from China after trade talks failThe European Union says it will impose duties on imports of electric vehicles from China on Wednesday after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute.